CHOICES FAMILY RESOURCE CENTERS INC (EIN 421574213) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

KIMBERLY J FARABEE

Phone

8634530307

Tax Period

2024-01-01 to 2024-12-31

CHOICES FAMILY RESOURCE CENTERS INC, founded in 2002, is a small nonprofit in the Health Care sector that reported $416K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 25% operating margin.

Mission

CFRC, INC. IS A CHRISTIAN ORGANIZATION ESTABLISHED "TO PROVIDE EVANGELICAL SPIRITUAL SUPPORT, PREGNANCY TESTS, HEALTHCARE GUIDANCE AND BENEFICIENT CARE FOR SUSPECTED, UNPLANNED AND/OR UNWANTED PREGNANCY REGARDLESS OF RACE, CREED, OR RELIGIOUS DOCTRINE WITH THE EXPRESS INTENT OF MEEING THE NEEDS OF THOSE AFFECTED BY UNPLANNED PREGNANCIES."

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $336,090

Program Service Revenue $11,335

Investment Income $9,640

Other Revenue $58,963

TOTAL REVENUE $416,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,529

Fundraising Expenses $0

Program Expenses $241,704

Other Expenses $137,881

TOTAL EXPENSES $311,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,028	$282,982	+0.5%
Expenses	$311,410	$235,748	+0.3%
Net Income	$104,618	$47,234	+1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY J FARABEE	CEO	40.00	Director	$48,000	$0	$48,000
TIFFANY GODDARD	SECRETARY	2.00	Officer Director	$0	$0	$0
DR RICHARD GRIFFITH	VICE PRESIDE	2.00	Director	$0	$0	$0
MARK HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LOVETT	TREASURER	2.00	Officer Director	$0	$0	$0
CLIFF RHOADES	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN AND GENA WATSON	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$416,028	$311,410	$520,317	$104,618
2023	$282,982	$235,748	$422,508	$47,234
2022	$198,253	$208,113	$373,666	$-9,860
2021	$204,953	$168,704	$386,222	$36,249
2020	$179,793	$148,814	$343,966	$30,979
2019	$295,725	$144,835	$313,761	$150,890
2018	$190,703	$123,282	$162,508	$67,421

CHOICES FAMILY RESOURCE CENTERS INC